Chap009Introduction to Economic Fluctuation(宏观经济学-曼昆,英文版).pdfVIP

Chapter9 Introduction to Economic Fluctuation  Time horizons in Macroeconomics  Aggregate demand  Aggregate supply  Stabilization policy Slide 1 Mankiw:Macroeconomics, 4/e © by Worth Publishers, Inc. 9-1Time Horizons in Macroeconomics  How the short run and long run differ  The model of aggregate supply and aggregate demand How the short run and long run differ  In the long run, prices are flexible and can respond to changes in supply or demand.  In the short run, prices are sticky. The